Quote from: theochino on September 02, 2017, 04:15:07 PM

"If you want to help an organization who is unafraid to fight for the rights of Bitcoin users, please support The Bitcoin Foundation today."
- Bruce Fenton
https://twitter.com/brucefenton/status/903657584409927680

Sign the bitcoin foundation petition:
https://www.change.org/p/members-of-the-united-states-senate-don%CA%BCt-criminalize-bitcoin-and-other-cryptocurrencies

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It is a similarly inappropriate and premature classification of Bitcoin as money by the Department of Justice that has resulted in innocent Bitcoin traders being thrown in jail.

Something to back it up. Bitcoin as money or asset, both are premature classifications. At some point in time, you simply can't prevent governments from imposing their regulations on bitcoin on how they see it, be it money or asset. As far as bitcoin being not a legal tender being used to convert into a legal tender, Fiat, there is a problem. I don't think it is simply avoidable.

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Bitcoin lacks the characteristic of monetary instruments or financial products which S. 1241ʼs Section 13 attempts to regulate.

Decentralized. Section 13, Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017. Financial crimes, again the centralized Fiat vs decentralized bitcoin. Tax evasion, cyberterrorism is terrorism, the ransomwares, dark web.

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It would most certainly stifle technological advances and would in fact over-criminalize any legitimate use of Bitcoin in normal business activities.

Yeah, agreeable to an extent. Something like this would stifle bitcoins growth in the US, and yeah it might not differentiate/discriminate between legit vs illegitimate bitcoin users.

But, I personally don't agree with the first two quotes. Bitcoin is decentralized, but involve Fiat, governments would interfere, it is the truth.

Bitcoin already has a bad reputation for being the currency of criminals, with each ransomware, hack/scam/money laundering, dark web shutdown, the media magnifies it, why legit users take the brunt or stifle the adoption of bitcoin being a currency used for illegal purposes.

Not a government agent, but a bit blunt and it is the fact/truth. If the governments needs to stop to interfere then there has to be no BTC to Fiat or local currency conversions. And if something like that needs to happen, BTC has to evolve into a major global currency where all transactions are in BTC, not dependent on Fiat.